Real Estate Investing in Salem, New Hampshire (03079)
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Should you buy in 03079 (Salem, NH)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Salem, NH (03079)?
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Market Analysis: 03079 Salem
ZIP 03079 in Salem, NH carries a significant set of headwinds. Home values near $618K and rents of $2,621/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 03079 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 03079 sits on the difficult end of the NH spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 03079 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 03079 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Salem:
Property Strategy for 03079
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $299,580 | $1,640 | 3.9% | +10.0% | $299,580 |
| 2BR | $468,424 | $2,150 | 3.3% | +9.2% | $234,212 |
| 3BR | $584,725 | $2,580 | 3.2% | +8.5% | $194,908 |
| 4BR | $768,757 | $2,850 | 2.7% | +9.0% | $192,189 |
| 5BR | $815,809 | — | — | +8.7% | $163,162 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03079 Compare?
| Metric | 03079 | Salem | New Hampshire |
|---|---|---|---|
| Home Value | $617,806 | $617,806 | $496,656 |
| 5-Year CAGR | 6.4% | 6.4% | 9.6% |
| Avg Rent | $2,621 | $2,621 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03079 (Salem, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $617,806 |
| Monthly Rent | $2,621 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | -6.6% ▼ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 03079
Population: 30,646
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 03079
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,523 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Salem, NH a good market for buy-and-hold investors?
Yes - Salem, NH a 3.0/5 investability score. With $618K home prices against $2,621/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are eviction rules reasonable in Salem, NH?
NH law landlord-friendly for landlords, and Salem inherits those rules. Investors should still review local ordinances for rental licensing.
What is the rental occupancy rate in Salem, NH?
Vacancy in Salem, NH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,621/mo.
Which real estate strategy fits Salem, NH?
A careful cash-flow rentals with hands-on management strategy Salem, NH best. The market produces measured results for that approach at the $618K price point.
How much is rent in Salem, NH?
Rent in Salem, NH is around $2,621/mo. The resulting rent-to-value relationship with $618K pricing is reasonable for most investor models.
You know 03079 now. You don’t know where it ranks.
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How 03079 ranks in Boston-Cambridge-Newton, MA-NH
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